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561 Fourth St, Nanaimo, BC, V9R 1T9

MLS® # 1020080
House For Sale In Harewood, Nanaimo, British Columbia
$599,900 QuickQuoteTM: $527K - $641K

3 Beds

2 Baths

561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
561 Fourth St, Nanaimo, BC
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561 Fourth St, Nanaimo, BC, V9R 1T9
$599,900

3 Beds

2 Baths

Property Information:

Attention investors, developers, and savvy buyers! This 3 bedroom, 2 bathroom fixer-upper is packed with potential in one of the most desirable locations in Nanaimo, just a short walk from the university, shops, and local amenities. Zoned for detached duplexes or a 4-plex, this property offers flexible redevelopment options with an active building permit and demolition permit already in place, saving you time and money. The existing home has solid bones and could be transformed into a great income-producing rental property with some renovation and creativity while you wait for the perfect time to build. Whether you’re looking to build new, expand your rental portfolio, or flip for profit, this property checks all the boxes: prime location, flexible zoning, and major permits ready to go. Opportunities like this are rare — don’t miss your chance to capitalize on this property that is priced below assessed value!

Property Features:

  • Bedrooms: 3
  • Bathrooms: 2
  • Annual Tax Amount: $3,798
  • Appliances: F/S/W/D
  • Basement: Crawl Space, Partially Finished
  • Building Features: Basement, Transit Nearby
  • Built in: 1955
  • Construction Materials: Frame Wood
  • Cooling: None
  • Exterior Features: Balcony/Deck, Fencing: Partial
  • Fireplace Features: Gas
  • Floor Space (approx): 1852 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas
  • Laundry Features: In House
  • Lot Features: Easy Access, Marina Nearby, Recreation Nearby, Shopping Nearby
  • Lot Frontage: 8712 Square Feet
  • Lot Size: 8712.00 Square Feet
  • Ownership: Freehold
  • Parking Features: Carport, On Street, RV Access/Parking
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Contact List Licensee, Fixer, Resale
  • Property Sub Type:
  • Road Surface Type: Paved
  • Roof: Asphalt Shingle
  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Recycling
  • Water Source: Municipal
  • Zoning Description: Residential
  • Sewer: Sewer To Lot
  • No. of Parking Spaces: 3

Rooms:

  • Dining Main Level 2.92 m x 2.44 m
  • Living Main Level 5.05 m x 4.47 m
  • Other Main Level 1.83 m x 2.49 m Note: Eating Area
  • Kitchen Main Level 2.74 m x 2.74 m
  • Family Room Main Level 2.92 m x 3.58 m
  • Other Main Level 3.66 m x 3.05 m
  • Bedroom Main Level 3.35 m x 2.03 m
  • Bathroom Main Level 2.18 m x 2.34 m
  • Other Main Level 5.26 m x 6.71 m Note: Carport
  • Recreation Room Other level :Lower 5.18 m x 3.66 m

Convert Measurement to:

Courtesy of: 460 Realty Inc. (NA)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Market Price Trends

All Properties

3.22%

Price change (1 year)

47.17%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 561 Fourth St, Nanaimo, BC, V9R 1T9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 561 Fourth St , experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past
29℃
2050
31.9℃

# Hot Days Per Year

Past
7
2050
20

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 561 Fourth St , experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past
569.5mm
2050
660mm

48-Hour Storms Per Year

Past
12
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 561 Fourth St, Nanaimo, BC, V9R 1T9

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$88,928.80

Average Number of Children

1.73

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.25 %

High school certificate or equivalent

39.13 %

Apprenticeship trade certificate/diploma

9.41 %

College/non-university certificate

16.05 %

University certificate (below bachelor)

1.85 %

University Degree

17.3 %

Commuter

Travel To Work

By Car

78.73 %

By Public Transit

9.53 %

By Walking

8.88 %

By Bicycle

0.04 %

By Other Methods

2.82 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

21.79 %

Houses

78.21 %

Own Vs. Rent

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